The average car will have three owners in its lifetime. For many Americans, buying a used car is the way to go. With over 40 million cars sold each year, did you know that nearly four times as many used cars are sold in the U.S. every year than new ones. With the most frequently searched price range being under $5000.00, here's an inside look at the used-car industry. Comparing the U.S. sales with the rapidly growing market in China, China produces twice as many cars as the U.S.. What does this mean for the future of the U.S. auto industry? Here's a look at some facts you should know about buying a used automobile in today's market.